Tuesday, 29 January 2013

The Indian Defense Industry: Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017

London, January 29th, 2013 - India is one of the largest defense equipment markets in the world. As the country is expected to spend $120.3 billion on capital acquisition during the forecast period, this market presents numerous opportunities to both domestic and foreign manufacturers. 

In the next two years, it is predicted the country will spend a significant amount of money on homeland security, intelligence and cyber security. This is due to the increasing hazardous geopolitical environment, terrorist threats and internal security concerns. 

Combining detailed analysis on the current industry size and growth expectations, this report provides the reader with key market insight to gain a comprehensive understanding of the Indian defense industry. 

  •  India’s defense expenditure was US$37.47 billion in 2012, and grew at a CAGR of 12.36% during the review period.
  • The country’s defense expenditure grew at a rapid pace due to the external threats it faces from hostile neighbours.
  • The country’s strong economic growth has also supported the defense budget’s growth. The total expenditure on defense during the review period was US$158.49 billion.
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